18th Aug 2020 15:36
Pure Gold Mining Inc - Canada-focused gold miner - Says Johannesburg-based gold producer Anglogold Ashanti Ltd has exercised 5.0 million share purchase warrants at USD0.85 each investing an additional USD5.0 million and increasing its stake to 16%.
"Anglogold Ashanti have once again demonstrated their strong support of PureGold as we complete construction and prepare for first gold pour at our PureGold Mine. This latest investment increases their shareholding in PureGold to 16%, maintaining their position as our single largest shareholder," said Pure Gold Chief Executive & President Darin Labrenz.
Pure Gold currently has around USD74 million in cash, along with USD35 million available in an undrawn credit facility.
Current stock price: 119.30 pence
Year-to-date change: up almost three-fold from 43.00p
By Ife Taiwo; [email protected]
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